RAFFEL TOWER

RAFFEL TOWER in Timur Laut, Penang recorded 2 subsale transactions in 2022, with a median price of RM 550K and a median price per square foot (PSF) of RM 915.

This area consists exclusively of residential properties, with no commercial listings recorded.

Price remained flat, and PSF growth was PSF remained flat. The median price is RM 550K, with most transactions falling within a stable range of RM 353K to RM 748K, and a typical market range of RM 252K to RM 848K.

Most transactions involved condominium/apartment, with minimal variety in property types.

The median PSF stands at RM 915, with core pricing between RM 796 and RM 1,034. Market pricing typically extends from RM 801.50 to RM 1,027.50, reflecting moderate variation in unit pricing. With an IQR of RM 226.00 and MAD of RM 119, the PSF demonstrates reasonable consistency across the market.

While the area has shown positive growth trends, price variations suggest a more dynamic market. This presents opportunities for investors comfortable with moderate volatility. Significant price variations suggest comparing multiple properties and timing the market carefully. Limited transaction history suggests carefully evaluating comparable sales data.